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Blackwater Adventures has a bond issue outstanding that matures in sixteen years. The bonds pay interest semiannually. Currently, the bonds are quoted at 103 percent
Blackwater Adventures has a bond issue outstanding that matures in sixteen years. The bonds pay interest semiannually. Currently, the bonds are quoted at 103 percent of face value and carry a 9 percent coupon. The firm's tax rate is 34 percent. What is the firm's aftertax cost of debt?
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